EFG Hermes, QInvest Could Unite As Top Middle East Bank

Law360, New York (March 26, 2012, 6:23 PM EDT) -- EFG Hermes Holding SAE and QInvest are weighing a partnership that could spawn the Middle East's leading investment bank, which would reach into Africa, Turkey, and South and Southeast Asia, the banks announced Monday.

The institutions will immediately begin gauging shared goals and potential growth areas, they said. Pending an official decision on whether to proceed with a strategic alliance, the parties will announce a general framework and timetable for the deal, according to the banks' joint statement.

Linking up with QInvest, a central investment bank...
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